# Ahead of the Open | December 20, 2021 - Pro Farmer

> Wheat and corn futures fell on Covid concerns, while soybeans rose on dryness in South America. Argentina capped 2021-22 corn exports at 41.6 million tonnes and wheat exports at 12.5 million tonnes to curb domestic shortages and food inflation.

- Date: 2021-12-20 · published 2021-12-20T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/11532-ahead-of-the-open-december-20-2021-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Argentina is the second-largest corn exporter and a key wheat supplier, so export caps tighten global availability and support corn and wheat prices, while dry South American weather supports soybeans.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-12-05 | [Fertilizer market November/December 2025 market report](https://feedsoft.ai/events/5186-fertilizer-market-november-december-2025-market-report.md) | -0.4% | -0.0% |
| CORN | 2020-12-31 | [Market Perspectives – December 31, 2020 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/49574-market-perspectives-december-31-2020-u-s-grains-and-bioproducts-council.md) | +6.2% | +17.5% |
| CORN | 2019-12-19 | [Market Perspectives – December 19, 2019 - Page 7 of 10 - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/55636-market-perspectives-december-19-2019-page-7-of-10-u-s-grains-and-bioproducts.md) | +0.5% | +0.7% |
| CORN | 2020-05-28 | [Policy priorities of Iowa soybean farmers](https://feedsoft.ai/events/52999-policy-priorities-of-iowa-soybean-farmers.md) | +1.0% | +1.7% |
| CORN | 2019-12-18 | [White House says it is sticking with 2020 biofuel plan, despite farmer objections](https://feedsoft.ai/events/55453-white-house-says-it-is-sticking-with-2020-biofuel-plan-despite-farmer-objections.md) | -0.1% | -1.9% |
| WHEAT | 2020-10-18 | [Brexit deadline: Wheat, barley and oilseed markets realign for 'no deal' \| The Scottish Farmer](https://feedsoft.ai/events/12846-brexit-deadline-wheat-barley-and-oilseed-markets-realign-for-no-deal-the.md) | +1.2% | -1.1% |
| WHEAT | 2021-01-22 | [Farming News - Weekly round up of the Wheat & OSR markets](https://feedsoft.ai/events/49086-farming-news-weekly-round-up-of-the-wheat-and-osr-markets.md) | +3.9% | +3.1% |
| WHEAT | 2018-07-25 | [Farmers prefer Trump do trade deals than hand them cash \| Tyler Morning Telegraph](https://feedsoft.ai/events/6572-farmers-prefer-trump-do-trade-deals-than-hand-them-cash-tyler-morning-telegraph.md) | -0.6% | -0.6% |

## Sources

- profarmer.com: https://www.profarmer.com/news/ahead-open/ahead-open-december-20-2021

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.